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JPMorgan Diversified Fund
mutual fund
JDVZX
Payout Change
Pending
Price as of:
$15.86
+0.09
+0.57%
primary theme
U.S. Balanced Allocation
share class
JDVZX (Mutual Fund)
JPMorgan Diversified Fund
Payout Change
Pending
Price as of:
$15.86
+0.09
+0.57%
primary theme
U.S. Balanced Allocation
share class
JDVZX (Mutual Fund)
JPMorgan Diversified Fund
Payout Change
Pending
Price as of:
$15.86
+0.09
+0.57%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
11.9%
1 yr return
12.0%
3 Yr Avg Return
3.0%
5 Yr Avg Return
4.3%
Net Assets
$449 M
Holdings in Top 10
32.7%
52 WEEK LOW AND HIGH
$15.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$15,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JDVZX - Profile
Distributions
- YTD Total Return 11.9%
- 3 Yr Annualized Total Return 3.0%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.58%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameJPMorgan Diversified Fund
-
Fund Family NameJPMorgan Funds
-
Inception DateNov 02, 2017
-
Shares Outstanding35101083
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Geller
Fund Description
Drawing on a variety of analytical tools, the Fund’s adviser typically seeks to invest the Fund’s assets among various types of asset classes based on the following allocations:●35%–80% equity securities●15%–65% fixed income securities●0%–10% convertible securitiesThe Fund invests in separate underlying strategies by investing directly in individual securities, in other mutual funds and exchange traded funds (ETFs) within the same group of investment companies (J.P. Morgan Funds), and for the limited purposes described below, in passive ETFs that are managed by unaffiliated investment advisers (unaffiliated passive ETFs) (together with J.P. Morgan Funds, underlying funds), across asset classes, including: U.S. equity and developed international equity across market capitalizations, emerging markets equity, domestic and foreign fixed income, high yield fixed income, emerging markets debt, and real estate investment trusts (REITs). A passive ETF is a registered investment company that seeks to track the performance of a particular market index. These indices include not only broad-based market indices but more specific indices as well, including those relating to particular sectors, markets, factors, regions or industries.The adviser may periodically increase or decrease the Fund’s actual asset allocations according to the relative attractiveness of each asset class.Within its equity allocations, the Fund primarily invests in the common stock of U.S. and foreign companies, REITs, and underlying funds. In this context, an underlying fund will be considered an equity fund if its prospectus discloses that the fund invests primarily in equity securities, including REITs.Within its fixed income allocations, the Fund primarily invests in corporate bonds, asset-backed, mortgage- related and mortgage-backed securities, U.S. and foreign government securities, loan assignments and participations (Loans) and commitments to purchase loan assignments, emerging market debt and underlying funds. In this context, an underlying fund will be considered a fixed income fund if its prospectus discloses that the fund invests primarily in fixed income securities.The Fund may invest in fixed income securities of any credit quality but may only invest up to 25% of its total assets in certain below investment grade securities (also known as high yield securities or junk bonds). This limit on below investment grade securities will include all investments held either directly by the Fund or in underlying funds held by the Fund which invest primarily in below investment grade securities (as disclosed in the underlying fund’s prospectus). In addition, the Fund may invest in underlying funds that may invest in fixed income securities of various credit qualities, including at times below investment grade securities, in order to expose the Fund to certain asset classes, such as emerging market debt. The remainder of the fixed income allocation will be invested directly in securities that, at the time of purchase are rated investment grade by a nationally recognized statistical rating organization or in securities that are unrated but are deemed by the Fund’s adviser to be of comparable quality. The Fund may invest in fixed income securities of any average weighted maturity or duration.The Fund may invest up to 30% of its total assets in shares of equity or fixed income underlying funds in order to expose the Fund to certain asset classes. To the extent the Fund invests in underlying funds, the adviser expects to select J.P. Morgan Funds without considering or canvassing the universe of unaffiliated underlying funds available, even though there may (or may not) be one or more unaffiliated underlying funds that investors might regard as more attractive for the Fund or that have superior returns. For actively-managed underlying funds, the adviser limits its selection to J.P. Morgan Funds. For passive ETFs, the adviser expects to invest in affiliated ETFs that are J.P. Morgan Funds (J.P. Morgan ETFs), unless the adviser determines the investment is not available. To the extent the adviser determines in its sole discretion that an investment in a passive J.P. Morgan ETF is not available, only then will the adviser consider an unaffiliated passive ETF. In addition, the Fund may seek to gain passive exposure to one or more markets by investing directly in the securities underlying a particular index. The Fund may also invest up to 10% of its assets in convertible securities.In addition to investments in underlying funds and direct investments in securities, the Fund may use derivatives, which are instruments that have a value based on another instrument, exchange rate or index, as substitutes for securities in which the Fund can invest. The Fund may use futures contracts, options, and swaps to more effectively gain targeted equity and fixed income exposure from its cash positions, to hedge investments, for risk management and to attempt to increase the Fund’s returns. The Fund may use futures contracts, options (including options on interest rate futures contracts and interest rate swaps), swaps, and credit default swaps to help manage duration, sector and yield curve exposure and credit and spread volatility. The Fund may utilize exchange traded futures contracts for cash management and to gain exposure to equities pending investment in individual securities. The Fund may invest in securities denominated in any currency. The Fund may also utilize foreign currency derivatives such as forward currency transactions to hedge exposure to non-dollar investments back to the U.S. dollar, as well as to gain exposure to certain currencies.Although the Fund will generally maintain its assets within the allocations above, the Fund may hold cash or cash equivalents for various purposes, including in connection with segregation for derivatives transactions, as collateral for derivatives transactions or for temporary defensive purposes.The adviser establishes the strategic and tactical allocation for the Fund and makes the day-to-day decisions concerning strategies and overall construction of the Fund. As attractive investments arise across asset classes and strategies, the adviser attempts to capture these opportunities by allocating the Fund’s assets among strategies and asset classes within pre-defined ranges.Investment decisions within strategies and asset classes are implemented either by the portfolio managers of the Fund’s underlying strategies who select individual securities for the Fund or with the Fund’s purchase of underlying funds.The frequency with which the Fund buys and sells underlying investments will vary from year to year, depending on, but not limited to: market conditions, performance of the underlying investments, and changes in the adviser’s investment views.
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JDVZX - Performance
Return Ranking - Trailing
| Period | JDVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -2.7% | 72.6% | 44.64% |
| 1 Yr | 12.0% | -1.8% | 67.6% | 48.60% |
| 3 Yr | 3.0%* | -5.1% | 20.7% | 48.95% |
| 5 Yr | 4.3%* | -3.8% | 21.1% | 88.03% |
| 10 Yr | N/A* | 0.7% | 13.6% | 27.65% |
* Annualized
Return Ranking - Calendar
| Period | JDVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.3% | -12.2% | 23.9% | 18.29% |
| 2022 | -21.0% | -34.7% | 2.8% | 78.71% |
| 2021 | -5.4% | -11.9% | 18.1% | 95.21% |
| 2020 | 6.7% | -20.9% | 39.7% | 61.00% |
| 2019 | 10.1% | 0.8% | 25.7% | 85.17% |
Total Return Ranking - Trailing
| Period | JDVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.9% | -2.7% | 72.6% | 44.64% |
| 1 Yr | 12.0% | -1.8% | 67.6% | 48.60% |
| 3 Yr | 3.0%* | -5.1% | 20.7% | 48.95% |
| 5 Yr | 4.3%* | -3.8% | 21.1% | 88.03% |
| 10 Yr | N/A* | 0.7% | 13.6% | 25.86% |
* Annualized
Total Return Ranking - Calendar
| Period | JDVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.5% | -12.2% | 26.8% | 26.84% |
| 2022 | -15.1% | -29.0% | 10.9% | 53.82% |
| 2021 | -2.9% | -3.0% | 27.3% | 99.85% |
| 2020 | 17.9% | -19.5% | 40.6% | 10.52% |
| 2019 | 21.8% | 2.2% | 32.7% | 19.67% |
NAV & Total Return History
JDVZX - Holdings
Concentration Analysis
| JDVZX | Category Low | Category High | JDVZX % Rank | |
|---|---|---|---|---|
| Net Assets | 449 M | 861 K | 235 B | 66.62% |
| Number of Holdings | 1096 | 2 | 16143 | 9.73% |
| Net Assets in Top 10 | 158 M | 859 K | 66.9 B | 69.17% |
| Weighting of Top 10 | 32.68% | 10.8% | 122.7% | 69.32% |
Top 10 Holdings
- JPMorgan BetaBuilders USD High Yield Corporate Bond ETF 10.03%
- JPMorgan Income Fund, Class R6 4.94%
- JPMorgan Core Bond Fund, Class R6 3.05%
- Microsoft Corp. 2.87%
- NVIDIA Corp. 2.49%
- JPMorgan Large Cap Value Fund, Class R6 2.04%
- JPMorgan Prime Money Market Fund, Class IM 1.97%
- Amazon.com, Inc. 1.96%
- Apple, Inc. 1.69%
- Meta Platforms, Inc., Class A 1.64%
Asset Allocation
| Weighting | Return Low | Return High | JDVZX % Rank | |
|---|---|---|---|---|
| Stocks | 55.58% | 0.00% | 100.10% | 81.12% |
| Bonds | 19.00% | 0.00% | 77.71% | 45.58% |
| Other | 2.81% | -42.55% | 113.97% | 14.16% |
| Cash | 1.97% | -7.92% | 100.00% | 43.07% |
| Convertible Bonds | 0.82% | 0.00% | 23.84% | 31.80% |
| Preferred Stocks | 0.00% | 0.00% | 24.59% | 77.14% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JDVZX % Rank | |
|---|---|---|---|---|
| Technology | 18.80% | 0.00% | 44.21% | 53.80% |
| Financial Services | 16.95% | 0.00% | 38.77% | 19.23% |
| Healthcare | 13.90% | 0.00% | 29.35% | 52.16% |
| Consumer Cyclical | 13.45% | 0.00% | 19.36% | 5.81% |
| Industrials | 11.37% | 0.00% | 24.37% | 30.55% |
| Communication Services | 6.33% | 0.00% | 38.10% | 69.15% |
| Consumer Defense | 5.69% | 0.00% | 15.14% | 77.65% |
| Energy | 4.57% | 0.00% | 85.65% | 54.84% |
| Basic Materials | 3.65% | 0.00% | 25.57% | 63.34% |
| Utilities | 2.71% | 0.00% | 99.55% | 62.15% |
| Real Estate | 2.59% | 0.00% | 65.01% | 67.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JDVZX % Rank | |
|---|---|---|---|---|
| US | 37.64% | 0.00% | 100.10% | 88.64% |
| Non US | 17.94% | 0.00% | 42.80% | 3.24% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JDVZX % Rank | |
|---|---|---|---|---|
| Government | 32.31% | 0.00% | 97.26% | 40.27% |
| Securitized | 26.29% | 0.00% | 92.13% | 23.48% |
| Corporate | 22.03% | 0.00% | 98.21% | 80.68% |
| Cash & Equivalents | 1.97% | 0.00% | 99.92% | 41.59% |
| Derivative | 0.36% | -4.58% | 41.29% | 3.39% |
| Municipal | 0.09% | 0.00% | 24.80% | 55.72% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JDVZX % Rank | |
|---|---|---|---|---|
| US | 19.00% | 0.00% | 77.71% | 44.84% |
| Non US | 0.00% | 0.00% | 15.37% | 75.37% |
JDVZX - Expenses
Operational Fees
| JDVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | 27.98% | 76.54% |
| Management Fee | 0.48% | 0.00% | 1.83% | 53.59% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.08% | 0.01% | 0.83% | 42.39% |
Sales Fees
| JDVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| JDVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JDVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.83% | 343.00% | 73.82% |
JDVZX - Distributions
Dividend Yield Analysis
| JDVZX | Category Low | Category High | JDVZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.45% | 0.00% | 17.90% | 80.09% |
Dividend Distribution Analysis
| JDVZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| JDVZX | Category Low | Category High | JDVZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.58% | -2.34% | 13.92% | 26.58% |
Capital Gain Distribution Analysis
| JDVZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2024 | $0.232 | CapitalGainLongTerm |
| Sep 30, 2024 | $0.096 | OrdinaryDividend |
| Mar 28, 2024 | $0.062 | OrdinaryDividend |
| Dec 29, 2023 | $0.041 | OrdinaryDividend |
| Sep 29, 2023 | $0.015 | OrdinaryDividend |
| Jun 30, 2023 | $0.087 | OrdinaryDividend |
| Mar 31, 2023 | $0.065 | OrdinaryDividend |
| Dec 30, 2022 | $0.056 | OrdinaryDividend |
| Dec 15, 2022 | $0.725 | CapitalGainLongTerm |
| Sep 30, 2022 | $0.038 | OrdinaryDividend |
| Jun 30, 2022 | $0.070 | OrdinaryDividend |
| Mar 31, 2022 | $0.030 | OrdinaryDividend |
| Dec 31, 2021 | $0.059 | OrdinaryDividend |
| Sep 30, 2021 | $0.164 | OrdinaryDividend |
| Jun 30, 2021 | $0.085 | OrdinaryDividend |
| Mar 31, 2021 | $0.064 | OrdinaryDividend |
| Dec 31, 2020 | $0.091 | OrdinaryDividend |
| Dec 15, 2020 | $1.299 | OrdinaryDividend |
| Sep 30, 2020 | $0.086 | OrdinaryDividend |
| Jun 30, 2020 | $0.086 | OrdinaryDividend |
| Mar 31, 2020 | $0.068 | OrdinaryDividend |
| Dec 31, 2019 | $0.102 | OrdinaryDividend |
| Dec 16, 2019 | $0.039 | CapitalGainShortTerm |
| Dec 16, 2019 | $1.129 | CapitalGainLongTerm |
| Sep 30, 2019 | $0.075 | OrdinaryDividend |
| Jun 28, 2019 | $0.119 | OrdinaryDividend |
| Mar 29, 2019 | $0.085 | OrdinaryDividend |
| Dec 31, 2018 | $0.123 | OrdinaryDividend |
| Dec 14, 2018 | $0.130 | CapitalGainShortTerm |
| Dec 14, 2018 | $1.154 | CapitalGainLongTerm |
| Jun 29, 2018 | $0.133 | OrdinaryDividend |
| Mar 29, 2018 | $0.073 | OrdinaryDividend |
| Dec 29, 2017 | $0.113 | OrdinaryDividend |
| Dec 15, 2017 | $0.088 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.792 | CapitalGainLongTerm |
JDVZX - Fund Manager Analysis
Managers
Jeffrey Geller
Start Date
Tenure
Tenure Rank
Feb 12, 2019
3.3
3.3%
Jeffrey Geller, CFA, managing director, is a Chief Investment Officer of Multi-Asset Solutions, where he is responsible for investment oversight of all mandates managed in New York. This includes providing oversight with respect to manager and strategy suitability and fit and ensuring that the team's asset allocation views are reflected appropriately across a diverse set of mandates. Jeff is also a portfolio manager for less constrained multi-asset class portfolios as well as portfolios with alternatives exposure. Before joining the firm in 2006, Jeff was director of Hedge Fund Investments at Russell Investment Group and served as chairman of the Firm's hedge fund investment committee. Prior to that, he was a senior partner at Credit Suisse Asset Management's BEA Associates unit where he had responsibility for managing equity, currency overlay and relative value arbitrage strategies. Jeff earned a Bachelor of Arts in Government from Clark University and an M.B.A. in Finance from the University of Chicago Graduate School Of Business. He is a CFA charterholder and is Series 24, 7, and 63 licensed
Morgan Moriarty
Start Date
Tenure
Tenure Rank
Oct 15, 2019
2.63
2.6%
Gerhardt (Gary) Herbert
Start Date
Tenure
Tenure Rank
Nov 01, 2020
1.58
1.6%
Mr. Herbert has been an employee of JPMIM and the Head of GTAA and Diversified Strategies in the U.S for MAS since 2020Gary is a portfolio manager and head of global credit. Gary joined Brandywine Global in March 2010, bringing with him over 20 years of high yield experience. Previously, Gary was a Managing Director, Portfolio Manager with Guggenheim Partners, LLC (2009-2010); a Managing Director, Portfolio Manager with Dreman Value Management, LLC (2007-2009); and an Executive Director, Portfolio Manager (1999-2007) and Associate (1994-1998) with Morgan Stanley Investment Management.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.39 | 2.41 |
